What Traders Are Saying Behind Closed Doors

BLACKSTONE BUYING EVERYTHING:The news: Blackstone Group said it agreed to acquire control of Tussauds Group, the owner of Madame Tussaud's wax museums, for GBP 1.03 billion ($2 billion), creating the world's second-biggest theme-park company by visitors after Walt Disney . Also The Blackstone Group is rumored to be interested in Daimler Chrysler and Madame Tussaud’s. The word: Tim Strazzini said when news came out that GM might buy Daimler the stock hit highs because investors thought that was a good fit. Is private equity as strong a fit? He's not sure.

PALM READS FUTURE:The news: Palm is consulting with investment bankers on its options, ranging from a sale, an investment by private equity or a take over.

The word: Pete Najarian said the stock is up 11%. It's a little risky for an outright stock play but he likes the call options. He is a buyer of the March $17.50 calls.

HONEYWELL TO MAKE FLAT PANEL TV'S:The news: Honeywell signed a licensing agreement to put its name on flat panel TV's.

The word: Adami said maybe their dipping their toe in the consumer electronic business. Honeywell has a great brand name. The story is Honeywell has had a great run and this flat panel TV venture is nonsense.The stock won't be affected by the news.

TOKYO DRIFT: The News: The Yen carry trade is it roiling the markets.

The word: Bolling said people see emerging markets doubling in a year that was fueled by people borrowing yen cheaply and then going into higher risk investments.